Category Archives: Commercial

01 Jun

Commercial Insurance News – June 2016

Did you know? On 6th April, the government abolished employer National Insurance contributions for apprentices under 25 years of age. This decision is expected to save employers an estimated £1,000 annually for every apprentice that earns £16,000. The government is predicting that the potential savings will encourage more employers to take on apprentices, which will

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24 May

Professional Indemnity Insurance

The need for professional indemnity (PI) cover has grown over the past several decades as more people enter professional service-based professions. While PI insurance still covers ‘traditional’ professionals, such as doctors, solicitors, accountants and architects, a whole new market of professionals now need to consider PI cover. Whether a traditional or new professional, you can

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24 May

Public/Products Liability Insurance

The only way to effectively protect the assets of your business is to carry adequate insurance cover. Liability insurance protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable What Does Public/Products Liability Insurance Cover? A comprehensive public and product liability policy provides

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19 May

Enterprise Act receives Royal Assent

The Enterprise Act, a wide-ranging piece of legislation designed to benefit the United Kingdom’s 5.4 million businesses, received Royal Assent on 4th May 2016 and will come into effect in May 2017. The one-year transition period will allow businesses to make any necessary changes required by the new Act. The Act introduces a swathe of

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new-build home
12 May

Skills shortage in construction industry

Currently, the United Kingdom is experiencing a skills shortage in the construction sector which is driving up wages and holding back vital infrastructure work – including efforts to build 1 million new homes by 2020 to end the country’s housing crisis. The Royal Institute of Chartered Surveyors (Rics) said construction wages rose by 6% in 2015, well ahead

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Van Insurance
06 May

Higher fines are here: review your fleet cover

Employers are urged to ensure their fleet cover is robust enough in light of tough new sentencing guidelines. The new guidelines, which came into effect on 1st February, usher in substantially higher fines for corporate manslaughter and health and safety offences. Courts now have the authority to fine companies up to £20 million for corporate

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28 Apr

The Insurance Act—What Businesses Need to Know

The Insurance Act, a piece of legislation designed to modernise and support the growth of Britain’s insurance industry, received Royal Assent on 12th February 2015, thus making it an Act of Parliament (law). The Act ushers in a more modern regime for the industry by updating the 100-year-old regulations governing contracts between businesses and insurers.

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20 Apr

Cyber risks and liability: learning to use the Internet of Things

There are more digitally connected devices than there are people on the planet. These immense networks are capable of supporting an array of applications—from the mundane to the sophisticated—and can help propel economic opportunities. This vast interconnected system of devices, vehicles and even entire buildings are all part of the Internet of Things (IoT). Despite

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06 Apr

Driverless lorries to be trialled in the UK

As a part of the 2016 Budget, the government has announced its plans to launch ‘lorry platooning’ trails by the end of 2017. The lorry platooning technology enables up to 10 drone lorries to be computer operated, which allow them to be linked together and piloted remotely by a driver in the lead lorry. In

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31 Mar

Health & Safety – Testing Electrical Equipment

Electrical testing is a critical maintenance task that ensures that key equipment and systems in your business are operating efficiently year-round. Specifically, electrical testing may be carried out for several reasons, such as: • Quality assurance tests on electrical components • Diagnostic testing • Fault finding on electrical plants • Routine safety checks There are also legal requirements around

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